richandmer

Torpedo Dry Ships - Cramer's Lightning Round (10/8/08)

I believe that Cramer is a trader, not an investor. That is why his recommendations change as the economy and market changes. I would like to know what his investment recommendations are.

Dryships' Short Squeeze Potential

The low prices are effecting all of the dry bulk shipping companies, not just DRYS. Here is a list of most of the public dry bulk shipping companies and how much their stock price is below the 52 week high:

NMM -26.4%
SBLK -24.6%
QMAR -23.6%
PRGN -43.2%
DSX -42.5%
OCNF -27.7%
EGLE -29.1%
GNK -29.9%
DRYS -51.3%
ESEA -44.3%
NM -50.1%
TBSI -56.0%
FREE -46.1%
EXM -64.7%

Dryships: Undervalued Compared to Competitors - and the Market

Even though DRYS is down, I don't think it is a vote against the company or owner. If you will take a look around the industry, you willl see that all dry bulk shipping companies are down - by approx the same amount.

No one seems to know the reason for the broad market down turn, but it probably started with the recent downward move in the Dry Baltic Index. Of course, the general market is also adding to the move. However, on a personal note, I do not want to own DRYS - just because I don't like the owner.